Role of the IRS in interpreting and providing guidance on the tax law The role of the IRS in interpreting and providing guidance on the Tax Law is to help taxpayers to understand and comply with the tax law and ensure that those who does not comply pay their fair share of the penalty. The IRS has to apply the tax law with integrity and fairness to all. Types of tax law guidance are published by the IRS The authoritative instrument of the IRS for announcing official rulings (Revenue Rulings and
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part-time as a paralegal for a law firm. During 2012‚ the Deans recorded the following receipts. Salaries ($60‚000 for Lance‚ $41‚000 for Wanda) $101‚000 Interest income City of Albuquerque general purpose bonds $1‚000 Ford Motor Company bonds 1‚100 Ally Bank certificate of deposit 400 2‚500 Child support payments from John Allen 7‚200 Annual gifts from parents 26‚000 Settlement from Roadrunner Touring Company 90‚000 Lottery winnings 600 Federal income tax refund (for tax year 2011) 400 Wanda previously
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Medical Marijuana Laws and their Effects Keith Reese COM/156 7/23/2014 Jennifer Preus Medical Marijuana Laws and their Effects In 1936‚ George Herliman produced the propaganda film “Tell Your Children”‚ later titled “Reefer Madness”(“IMBD”‚ 1990-2014). This film‚ financed by a church group to display the exaggerated consequences of marijuana usage‚ was intended to inspire fear in parents and children alike. Though marijuana legalization has become a front burner topic‚ one would
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SOCIO-ECONOMIC PROBLEM OF TAX AVOIDANCE AND EVASION IN NIGERIA: AN OVERVIEW Dominic Asada LL.B. (Hons.) B.L‚ LL.M. Tax Avoidance and Evasion are some of the most perplexing problems facing the nation today. It is widely believed that there is a considerable difference between estimated revenue from taxation every year and what is actually collected. This disturbing aversion to taxation has some historical antecedents. Traditionally‚ there has always been a hostile response to the payment of tax by the people
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Soda Tax: The Beginning of the End The government plans to tax sugary drinks to lower consumption and reduce obesity rates. It is a tax that is justified‚ because a high majority of its consumers are obese and our government believes they should step in and do something about it. There are positive aspects of a soda tax‚ but it would also be a violation of freedom of choice‚ with many other red flags as well. The government simply‚ has too much involvement with our personal lives. Placing a
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changed in our society since the 1700s. But at the same times things haven’t changed much. The tax laws possibly changed since the 1700s. Tax laws are the legal rules and procedures governing how federal‚ state and local governments calculate the tax you owe. The laws cover income‚ corporate‚ excise‚ luxury‚ estate and property taxes‚ to name just a few. During the french revolution the tax laws were unfair and cruel to the third estate “commoners”. The peasants paid disproportionately
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TAX HAVEN Index Definition and characteristics of Tax Haven Page 2 Tax Haven Criteria Page 5 Particularities of some tax havens Page 7 Evolution of the Spanish Tax Law Page 11 1. Definition and characteristics of Tax Haven Probably most people have heart about tax havens‚ but maybe there are confusions about the exact meaning of this concept. So on‚ we consider important to define a tax haven in order to have a clear idea. What identifies an area as a tax haven is the existence
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TAXATION Estate and Gift Tax I Alan Davis CHINESE PROVERB: “Tell me‚ I’ll forget. Show me‚ I may remember. But involve me and I’ll understand.”1 "To talk much and arrive nowhere is the same as climbing a tree to catch a fish”2 “One who talks does not know‚ one who knows does not speak.”3 SPECIAL TAX RATE FOR DIVIDENDS - The great tax debate of 2003 concerned the taxation of dividends. Prior to 2003‚ dividends were given no special treatment in the law. Conservatives argued that dividends
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and Services Tax- Australia To uphold a country’s political and economical stability‚ governments often implement policies. There are many different types of policies that a government would implement to stabilize their country. However‚ one significant policy that almost every country uses is tax. In particular‚ Australia and Canada use a value added tax known as the Goods and Services Tax (GST). Australia’s GST policy was introduced by the Howard government and went into effect on July 1st‚
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It is stated in the theory that when the responses that produce a satisfying effect in a particular situation becomes more likely to occur again in the situation but when the response produce discomforting effect it will less likely to occur again. This theory was made when Thorndike was experimenting the reaction of a cat when it is locked in a puzzle box and the only way to open it is the lever
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